Tata Power shares up 1.06% as Nifty gains

NEW DELHI: Shares of Tata Power Company Ltd. traded 1.06 per cent up in Tuesday's trade at 10:45AM (IST). Around 114,845 shares changed hands on the counter.

The scrip opened at Rs 250.2 and touched an intraday high and low of Rs 253.7 and Rs 250.2, respectively, in the session so far. The stock of Tata Power Company Ltd. quoted a 52-week high of Rs 276.5 and a 52-week low of Rs 182.45.

As per BSE, the total market cap of the Tata Power Company Ltd. stood at Rs 80634.39 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 15484.71 crore for the quarter ended 30-Jun-2023, up 16.21 per cent from previous quarter's Rs 13325.3 crore and up 5.78 per cent from the year-ago quarter's Rs 14638.78 crore.

The net profit for latest quarter stood at Rs 972.49 crore, up 22.39 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 3.05 per cent stake in the firm, while foreign institutional investors held 9.76 per cent and the promoters 46.86 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 22.94 and a price-to-book ratio of 2.11. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tata Power Company Ltd. belongs to the Power - Integrated industry.